Need advice on applying to CSP again

[fearlessdragon]

I got my CSP first time in 2014. My annual fees will hit 9/1. I am planning to downgrade this card to another chase freedom (I already have chase freedom and got chase freedom unlimited on 8/1) and apply for CSP again, aiming for the signup bonus 60000 UR. Later i can convert this into CSR, after i start to travel next year. I have 4 chase cards already with combined limit $20,300. Is it a good idea to downgrade CSP and get new CSP for signup bonus? Advice please. 

[wasCB14]

I did something similar and it worked well.

2013: Freedom with SUB

2015: CSP with SUB

2018: PC CSP to CFU

2018: CSR with SUB

2020: PC CSR to 2nd Freedom

One thing to be careful about is that if your income is below $60k or so you might want to request a CLD on one or multiple cards a few days before applying to ease the process of getting a $5k approval.

You might update your signature!

[K-in-Boston]

As long as you do not hold a Sapphire product at the time of application and have not received a SUB for a Sapphire product in the past 48 months you should be good!

[randomguy1]

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@K-in-Boston wrote:

As long as you do not hold a Sapphire product at the time of application and have not received a SUB for a Sapphire product in the past 48 months you should be good!

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Spot on. Wanted to just add, 48 months from the bonus post not card opening. I would wait 48 months + 1 day from bonus post to be safe.

[fearlessdragon]

Thanks all for the advice. Last time i got bonus was in 2014, so i should be good now.